FINRA Proposes Rule to Amend Security Futures Risk Disclosure Statement

FINRA filed with the SEC proposed amendments to the security futures risk disclosure statement (the "Statement").

The original Statement was approved by the SEC in 2002, and the first supplement to the Statement was added in 2010. FINRA is proposing a second supplement to the Statement to accommodate proposed changes by OneChicago, LLC to list a product with a physical delivery settlement cycle shorter than three business days. The proposed supplement discloses that settlement by physical delivery may be effected on a time-frame shorter than three business days based on the rules of the exchange and subject to NSCC's Rules and Procedures. The proposed supplement is intended to be read in conjunction with the Statement.

FINRA will announce the implementation date of the proposed rule change in a Regulatory Notice no later than 60 days following SEC notice of the filing of the rule change for immediate effectiveness.

See: Text of Proposed Rule Change. See generally: FINRA Rule Calendar (accessible to Cabinet subscribers only).